Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: mantahatch on 28 October 2010, 12:43:11
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My son has passed his theory test and is going for the practical test soon.
Have been checking insurance and whilst he was learning premium would be £860.00. When/if he passes the best insurance quote so far is £3300.00 for third part only on an unmodified Citroen Saxo 1.1.
Someone else posted about the cost of insurance recently, and I feel I owe them an apology for quoting the cheaper price, forgetting that my son only had provisional licence.
By the way spoke to decent broker and was told that females would only pay about half what males are being charged at the moment.
Suffice to say he will not be insuring the car, and driving will be off limits to him for quite awhile. I ponder what the knock on effects to employment etc. will be.
Are we going to end up with a generation who will not be able/willing to drive. Insurance companies will loose money long term, these people may be unemployabe, benefit bill to rise. etc.etc.
>:( >:(
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£3300 is excessive! The idiots out there that drive with no insurance and the high number of young male drivers that not only pose an additional risk in the eyes of the insurance company but every other driver on the road make it impossible for the new drivers to get their first car on the road. I reckon a good majority of new young drivers are careful and safe but sadly they are all branded the same. I went through a year of pain with my first car and it looks likely many other young male drivers will have to bite the bullet.
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£3300 is excessive! The idiots out there that drive with no insurance and the high number of young male drivers that not only pose an additional risk in the eyes of the insurance company but every other driver on the road make it impossible for the new drivers to get their first car on the road. I reckon a good majority of new young drivers are careful and safe but sadly they are all branded the same. I went through a year of pain with my first car and it looks likely many other young male drivers will have to bite the bullet.
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The problem is he will not bite the bullet, I cannot afford to pay that. He cannot afford to pay that, and has stated to us even if he had the money he would not pay it. And I do not blame him.
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I see what your saying as it is a lot of money to pay just to get him on the road. When i say bite the bullet i have 2 brothers and a sister ages between 18 and 24 and i remember them doing the same when they had their first although it was in the region of £1500 - £2000 for them. :)
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At the moment I have a 49 year old female friend who is learning to drive, but is obtaining quotes for when she passes her test, for something like a Group 2 car.
She has been quoted £3,000 by the AA, and the cheapest quote so far is £1,100!!! :o :o :o :o :o
I have told her they are mad quotes, even the cheapest, and something must be wrong in what she is asking! ::) ::) ::)
Surely she can get cheaper quotes than that?!
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Lizzie, at age 17 I and my son would happily pay £1100.00 for him. I assume you friend has zero no claims bonus.
Insurance companies should load the cars that make the highest claims.
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I'm guessing a 49 year old who has just passed their test is one of the statistical outliers for which the insurance companies don't have a lot of data to go on - which will load it pretty heavily..
Plus I'm going to take a stab in the dark and say their claims history (i.e. that demographic) probably isn't very good (based on how good my mother was at driving when she passed her test late in life!)
£3k for a newly qualified young male sounds crazy, though.. although ISTR my first insurance premium was >£1400 and I'd been driving for a couple of years (company cars) at that point.. all I wanted to insure was £800's worth of Nissan Bluebird, too ;D not something fancy like a Saxo ;D
(Then I went and did something silly and bought my first 300ZX - £1750, TPF&T!)
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I'm guessing a 49 year old who has just passed their test is one of the statistical outliers for which the insurance companies don't have a lot of data to go on - which will load it pretty heavily..
Plus I'm going to take a stab in the dark and say their claims history (i.e. that demographic) probably isn't very good (based on how good my mother was at driving when she passed her test late in life!)
£3k for a newly qualified young male sounds crazy, though.. although ISTR my first insurance premium was >£1400 and I'd been driving for a couple of years (company cars) at that point.. all I wanted to insure was £800's worth of Nissan Bluebird, too ;D not something fancy like a Saxo ;D
(Then I went and did something silly and bought my first 300ZX - £1750, TPF&T!)
I kid you not, this car has manual locking, manual windows, hub caps no air con. A massive 8 valves. It is the most basic car going, the only switch on the dasboard is for the hazard lights ;D ;D ;D
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Suprisingly the saxo insurance group is quite high for a small car. the lowest one being group 4. Most others are 2 -3. Weirdly the peugeot 106 (same chassis, engines ect) is only group 3 insurance.
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Edit... I think the saxo 1.1 forte or the very basic one (1.1 x) up to 1999 then the 1.0 First may be a group 3 :y. Pretty sure its just the 1.0 which is group 3 though.
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What you really want is a car that's got so little street-cred that a young driver wouldn't be seen dead posing in it.
Kevin (first car: Morris Ital estate) :-[
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What you really want is a car that's got so little street-cred that a young driver wouldn't be seen dead posing in it.
Kevin (first car: Morris Ital estate) :-[
Just look at top gear, volvo Est, Golf Match and Hyundai S Coupe :y
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What you really want is a car that's got so little street-cred that a young driver wouldn't be seen dead posing in it.
Kevin (first car: Morris Ital estate) :-[
Heh - Austin Allegro! (Not brown, thank god) Got away with driving that on my Granddad's instructors insurance though.. er.. and by 'got away with' I mean I wouldn't try that trick now :-/
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When I passed my test (a whole 10 years ago, at 28!) I found "highway" were by far the cheapest insurance for my 2.0 carlton estate (first car - £1200 tpft)
I'm currently insuring a 23 y/o driver with 6yrs experience, 0 NCD and 3 pts, as a 2nd driver on my transit for an extra £600 - making my premium 1300 pa fully comp with class 1 business.
Might be worth investigating something along those lines?
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My first car was a 2002 2.2 CDX Omega when I was 18, I'm now 20.
I used to pay £340 per month, then it went down to £124. And, not forgetting it's a group 13 vehicle.
My current Omega, a 2003 2.6 Elite saloon will be due private insurance from the 20th of Nov. That will be circa £1500 p/a. I currently pay £6000 p/a for my motor trade insurance, which in comparison is pretty good value. It allows me to drive anything up to 3.5 GVW.
Try doing this,
Elephant.co.uk, and add you and your wife to his policy, this will dramatically reduce the premium. I added my parents as infrequent drivers of my vehicle, and it came down by over £600. It's worth a try :y
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Most teenagers would'nt be seen dead in a classic car but i believe classic policies are cheaper for new drivers. I don't imagine your son would want to drive a Moggie Minor etc...(i would)!! bvut maybe something cheap to buy like a 1300 Dolly/Toledo, a little Midget, Mini or Cortina? He might not like them but relatively speaking he could pay between half or 2/3rds less, build up some no claims etc...
Just a thought. ::)
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My son has passed his theory test and is going for the practical test soon.
Have been checking insurance and whilst he was learning premium would be £860.00. When/if he passes the best insurance quote so far is £3300.00 for third part only on an unmodified Citroen Saxo 1.1.
Someone else posted about the cost of insurance recently, and I feel I owe them an apology for quoting the cheaper price, forgetting that my son only had provisional licence.
By the way spoke to decent broker and was told that females would only pay about half what males are being charged at the moment.
Suffice to say he will not be insuring the car, and driving will be off limits to him for quite awhile. I ponder what the knock on effects to employment etc. will be.
Are we going to end up with a generation who will not be able/willing to drive. Insurance companies will loose money long term, these people may be unemployabe, benefit bill to rise. etc.etc.
>:( >:(
Just been through the exact same thing with Master Vamps, and he only has the lowly 1.0L engine in his Saxo, goes well though for a little car....
Same with work, we live in a rural village with terrible public transport coverage.
I was getting quotes for around the £2k mark, and I also made the same mistake, forgetting that his insurance would go UP after passing his test, from under £600 last year. That did count as one year ncb though......
Got him a job, working for my brother, so we needed him on the road....
We also have 2 Omega's and mine was due, so we have ended up with an Admiral multi car policy. :y
It pushed my cost up a lump but brought his down by a massive 25% so effectively we saved overall about £500, his working out at around £1500. I paid the premium and he is paying me back on a monthly basis.. ::) ::) ::)
PS. I should add, after reading Andy's post, both his mother and myself are down as named drivers, it does help..... :y
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young male drivers, as you say, are targeted by the insurance companies and my son fitted their statistics perfectly. Within weeks of getting his car on the road he'd had two accidents both due to excessive speed and lack of skill. Insurance is no longer a problem for him as he lost his licence by getting 6 points ..... speeding x 2 ..... within 2 years of getting his licence. But adding his Mum as a named driver did knock a few hundred off the premium.
As for fines for not having any insurance, they're a farce. I know some one :-X :-X :-X :-X who was caught driving his mate's Mum's car with no insurance (it wasn't even insured by the Mum so no guesses as to why it was pulled) whilst disqualified for getting 6 points in the first 2 yrs ::) and the fine was a whopping £100! :-? :-? :-? I can't remember if points were added :-/
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Try I-Kube, they insured my 18 year old son's first car for 1300, for fully comp on a 1.4 Astra. He isn't allowed to drive after 11pm or before 5am and they fit a tracking device to monitor this. It was around 600 less than he'd been quoted elsewhere. A bit of a bonus as far as I'm concerned, as it keeps him off the road at night.
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.... and they fit a tracking device to monitor this. ....
what would happen if you drove it? & how would they know it was you and not Master Ralph?
The last tracker fitted to an OOF car was for Norwich Union and they caused £100's of damage doing so.
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They charge you 45.00 if the car moves irrespective of who drives it. Son parked his car badly while staying overnight at a friends house. Someone else moved it to let another car out, result bill for 45.00.
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Try I-Kube, they insured my 18 year old son's first car for 1300, for fully comp on a 1.4 Astra. He isn't allowed to drive after 11pm or before 5am and they fit a tracking device to monitor this. It was around 600 less than he'd been quoted elsewhere. A bit of a bonus as far as I'm concerned, as it keeps him off the road at night.
I am on the phone to them now. Will let you no how it turns out. :y
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I Kube £5000.00 :o
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Hell of a lot of money, don't understand that, can the Astra be in a lower group.
I know we live in what is to be considered a low risk area, but he had only passed his test the month before, He reinsured with them again.
He has now had to change companies as they won't insure his new car, BMW 316, I'll ask who he has moved to, but I believe he has insured that at about the same cost, he had his 20th birthday last month.
I have a 17 year old about to start driving, not looking forward to getting her insurance.
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Friend of mine in the third thursday car club was on about his 18 yr old son getting cheaper quote for a land rover disco than a peugot 206 :-? He went to Farmers Mutual?well thats what he told me-how true it would be I don't know
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Friend of mine in the third thursday car club was on about his 18 yr old son getting cheaper quote for a land rover disco than a peugot 206 :-? He went to Farmers Mutual?well thats what he told me-how true it would be I don't know
NFU, there is some truth it that, just did not work for us... :( :(
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if hes under 21, ask about pass plus - it could save a fortune as most insurers will give you the equivalent of 1 years ncd, immediately halving any premium :y
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if hes under 21, ask about pass plus - it could save a fortune as most insurers will give you the equivalent of 1 years ncd, immediately halving any premium :y
Not since statistics were produced showing that a pass plus didn't make a blind bit of difference. Young people still go too fast and crash even after passing it.
It's in their blood you see. ;D
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Hell of a lot of money, don't understand that, can the Astra be in a lower group.
I know we live in what is to be considered a low risk area, but he had only passed his test the month before, He reinsured with them again.
He has now had to change companies as they won't insure his new car, BMW 316, I'll ask who he has moved to, but I believe he has insured that at about the same cost, he had his 20th birthday last month.
I have a 17 year old about to start driving, not looking forward to getting her insurance.
So I am told by the brokers, it is about 50% for females >:(